Politico has an excellent story up about the relationship between Steve Wynn and Karl Rove, “Rove hits big: The birth of a mega-donor,” by Ken Vogel and Steve Friess. Some excerpts:
“Simply put: any person, corporation or union can spend as much as they want to directly influence elections through hard-hitting television ads without anyone else knowing. Republicans and their allies have had exceptional success exploiting this dynamic, which really took off after the Supreme Court’s 2010 CitizensUnited decision.
“Unlike Super PACs, Crossroads GPS [one of Rove’s groups] is registered under a section of the tax code for so-called ‘social welfare’ groups — 501(c)4 — that does not require groups to reveal their donors’ names, only donation amounts. The promise of anonymity is one of the main reasons GPS was established — it allows Wynn and like-minded contributors to avoid the controversy that has dogged top political donors like competing casino mogul Sheldon Adelson, as well as the libertarian industrialist Koch Brothers or the liberal financier George Soros.”
“Sources tell Politico that Wynn’s giving to Crossroads GPS dwarfs all the publicly reported federal donations he’s ever made combined.” Emphasis added.
Crossroads GPS does “social welfare” about as much and as well as I do nuclear physics.
GOP Super PACs and related groups are planning to spend $1 billion between now and November to fight for the White House and Congress.* That’s not including Mitt’s campaign and the Republican National Committee, which expect to throw another $800 million into the pot.
Groups related to our friends the Koch Brothers, like Americans for Prosperity, had planned to spend $200 million, but, what the heck, they’ve decided to increase it to $400 million. That money will be spent convincing Americans to vote against their own economic interests and for the interests of billionaires instead. If you’re a middle class American, things do not go better with Koch.
Karl Rove’s groups American Crossroads and Crossroads GPS are expected to spend $300 million. Now he’s an Evil Genius with overflowing coffers, definitely a dangerous combination.
Where does this leave President Obama and the Dems? Outspent by two to one.
* “GOP groups plan $1 billion blitz,” Mike Allen and Jim VanderHei, Politico